Civic Intelligence

Raphael Inc.

990 • Fiscal year 2021 • EIN 54-1592075

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

Organization ProfileNA
11400 Rockville Pike Suite 505Rockville, MD 20852

(301) 493-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.34x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.37x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

18th percentile

-5.5%

Higher net margin than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

10%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$2,262,541

Down $372,099 (-14%) from 2020

Net Assets

Down

$1,501,196

Down $113,484 (-7.0%) from 2020

Liabilities

Down

$761,345

Down $258,615 (-25%) from 2020

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin18th percentile

Revenue

Up

$2,076,991

Up $193,641 (+10%) from 2020

Expenses

Up

$2,190,475

Up $174,327 (+8.6%) from 2020

Net Income

Up

-$113,484

Up $19,314 (+15%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $2,407,819Liabilities 2011: $1,143,115Net Assets 2011: $1,264,7042011Assets 2012: $2,738,971Liabilities 2012: $1,367,274Net Assets 2012: $1,371,6972012Assets 2013: $2,681,953Liabilities 2013: $1,278,818Net Assets 2013: $1,403,1352013Assets 2014: $2,561,153Liabilities 2014: $1,181,445Net Assets 2014: $1,379,7082014Assets 2015: $2,546,701Liabilities 2015: $1,066,962Net Assets 2015: $1,479,7392015Assets 2016: $2,405,882Liabilities 2016: $964,632Net Assets 2016: $1,441,2502016Assets 2017: $2,398,871Liabilities 2017: $884,786Net Assets 2017: $1,514,0852017Assets 2018: $2,398,226Liabilities 2018: $861,710Net Assets 2018: $1,536,5162018Assets 2019: $2,620,925Liabilities 2019: $873,447Net Assets 2019: $1,747,4782019Assets 2020: $2,634,640Liabilities 2020: $1,019,960Net Assets 2020: $1,614,6802020Assets 2021: $2,262,541Liabilities 2021: $761,345Net Assets 2021: $1,501,1962021Assets 2022: $2,145,395Liabilities 2022: $782,652Net Assets 2022: $1,362,7432022Assets 2023: $2,177,426Liabilities 2023: $820,693Net Assets 2023: $1,356,7332023Assets 2024: $2,089,559Liabilities 2024: $875,755Net Assets 2024: $1,213,8042024

Highlighted filing

2021

Assets$2,262,541
Liabilities$761,345
Net Assets$1,501,196
Open 2021 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,253,857Expenses 2011: $1,187,469Net Income 2011: $66,3882011Revenue 2012: $1,346,863Expenses 2012: $1,239,870Net Income 2012: $106,9932012Revenue 2013: $1,398,080Expenses 2013: $1,366,642Net Income 2013: $31,4382013Revenue 2014: $1,471,721Expenses 2014: $1,495,148Net Income 2014: -$23,4272014Revenue 2015: $1,519,487Expenses 2015: $1,419,456Net Income 2015: $100,0312015Revenue 2016: $1,465,003Expenses 2016: $1,503,492Net Income 2016: -$38,4892016Revenue 2017: $1,519,413Expenses 2017: $1,446,578Net Income 2017: $72,8352017Revenue 2018: $1,661,672Expenses 2018: $1,639,241Net Income 2018: $22,4312018Revenue 2019: $1,907,975Expenses 2019: $1,697,013Net Income 2019: $210,9622019Revenue 2020: $1,883,350Expenses 2020: $2,016,148Net Income 2020: -$132,7982020Revenue 2021: $2,076,991Expenses 2021: $2,190,475Net Income 2021: -$113,4842021Revenue 2022: $2,103,808Expenses 2022: $2,242,261Net Income 2022: -$138,4532022Revenue 2023: $1,240,483Expenses 2023: $1,189,684Net Income 2023: $50,7992023Revenue 2024: $2,567,482Expenses 2024: $2,710,411Net Income 2024: -$142,9292024

Highlighted filing

2021

Revenue$2,076,991
Expenses$2,190,475
Net Income-$113,484
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.2
Gross Receipts
$2,076,991
Mission and Program Overview

Mission

Assisted living residence for low- and moderate-income frail elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,756,254$1,660,204▼ $96,050
Savings and Temporary Cash Investments$394,427$82,084▼ $312,343
Accounts Receivable$22,849$15,949▼ $6,900
Prepaid Expenses and Deferred Charges-$583-
Total Assets$2,634,640$2,262,541▼ $372,099
Other Assets Total$461,110$503,721▲ $42,611
Liabilities
Mortgage Notes Payable Secured by Investment Property$508,406$452,222▼ $56,184
Other Liabilities$140,481$156,547▲ $16,066
Accounts Payable and Accrued Expenses$364,657$152,576▼ $212,081
Deferred Revenue$6,416$0▼ $6,416
Total Liabilities$1,019,960$761,345▼ $258,615
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,614,475$1,501,196▼ $113,279
Net Assets With Donor Restrictions$205$0▼ $205
Total Net Assets Fund Balance$1,614,680$1,501,196▼ $113,484
Total Liabilities and Net Assets / Fund Balance$2,634,640$2,262,541▼ $372,099

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,054,764$1,678,320$2,733,084
Land$549,000-$549,000
Equipment$23,163$259,017$282,180
Leasehold Improvements$29,365$125,841$155,206
Other Land Buildings$3,912$123,504$127,416
Other Assets Org$513--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Leila a FinucanePresident & CEO
John D SpencerSenior Vice President
Jacqueline R SmedleyVice President
Julie SmithDirector
Rev Daniel CarsonDirector
Terry FarrellDirector
Jeffrey BlackwellAsst. Secretary
Edward CreskoffSecretary
Michelle M LimeresTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,654
Program Service Revenue
$2,019,519
Investment Income
$818
Other Revenue
$0
Change in Net Assets
$-113,484

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,076,991
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,076,991
Total Revenue per Form 990
$2,076,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,165,475
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$712,821$137,132-$849,953
Depreciation Depletion$114,117--$114,117
Occupancy$64,891--$64,891
Fees for Services Accounting-$50,757-$50,757
Office Expenses$30,531--$30,531
Grants to Domestic Orgs$25,000--$25,000
Information Technology$22,492$2,232-$24,724
Insurance$12,396--$12,396
Advertising$7,458--$7,458
Interest$4,844--$4,844
Other Expenses$3,114--$3,114
All Other Expenses$913--$913
Conferences and Meetings$895--$895
Fees for Services Legal$767--$767
Total Functional Expenses$2,000,354$190,121$0$2,190,475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,190,475
Total Expenses per Audited Statements$2,190,475
Total Expenses per Form 990$2,190,475
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Victory Housing IncRockville, MD501(c)(3)General Support$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident Security Deposits$155,894
Accrued Interest$343
Deferred Income$310
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Members there is one class of membership which consists of the archbishop of the archdiocese of washington,the moderator of the curia of the archdiocese of washington, the chancellor of the archdiocese of washington,and their successors in office, each as selected or appointed according to the discpline of the roman catholic church.”

Form 990, Part VI, Section A, Line 7A

“The election and removal of members of the board of directors and the filling of vacancies that may occur.”

Form 990, Part VI, Section A, Line 7B

“Reserved powers of corporate members: the corporate members reserve to themselves authority to authorize the following actions: (a)the oversight and authentication of the corporation's mission, (b)the adoption or amendment of a mission statement; (c)the amendment of the articles of incorporation and the amendment of the bylaws; (d)the election and removal of members to the board of directors and the filling of vacancies that may occur; (e)the appointment and termination of the president/chief executive officer ("ceo"); (f)the acquisition, purchase, sale, lease, disposition or hypothecation of real property by corporation; (g) the approval of the borrowing of money or the guarantee of any obligations; the approval of any budget which reflects an operating deficit; (i) the approval of fiscal auditors.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is provided to board members for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The organization's related organization, victory housing, has a written conflict of interest policy. The board members and officers of the organization acknowledge and adhere to this policy, and they annually disclose any conflicts of interest. Additionally, any conflicts that arise that are related to transactions considered by the board are discussed at quarterly meetings.”

Form 990, Part VI, Section B, Line 15

“Those members of the board for whom compensation is reported in part vii of this form 990 are compensated by a related organization, victory housing, inc.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Raphael Inc
EIN
54-1592075
Phone
3014936000
Address
11400 ROCKVILLE PIKE SUITE 505, ROCKVILLE, MD 20852

Signing Officer

Name
Leila a Finucane
Title
CEO/president
Phone
3014936000
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leila a Finucane
Formed
1990
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
Lisa M Cummings CPA
Phone
3016529100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Raphael has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended june 30, 2021. Due to its tax-exempt status, raphael is not subject to income taxes. Raphael is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and raphael has no other tax positions which must be considered for disclosure. Raphael's form 990, return of organization exempt from income tax, for the tax years ending 2018, 2019, and 2020 are subject to examination by the irs, generally for three years after they were filed.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt4SENIOR VICE PRESIDENT
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0452222
IRS990/NetAssetsOrFundBalancesBOYAmt01614680
IRS990/NetAssetsOrFundBalancesEOYAmt01501196
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01614475
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01501196
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt064891
IRS990/OccupancyGrp/TotalAmt064891
IRS990/OfficeExpensesGrp/ProgramServicesAmt030531
IRS990/OfficeExpensesGrp/TotalAmt030531
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0461110
IRS990/OtherAssetsTotalGrp/EOYAmt0503721
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ELDERLY CARE SERVICE EX
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt0891630
IRS990/OtherExpensesGrp/ProgramServicesAmt1103788
IRS990/OtherExpensesGrp/ProgramServicesAmt24697
IRS990/OtherExpensesGrp/ProgramServicesAmt33114
IRS990/OtherExpensesGrp/TotalAmt0891630
IRS990/OtherExpensesGrp/TotalAmt1103788
IRS990/OtherExpensesGrp/TotalAmt24697
IRS990/OtherExpensesGrp/TotalAmt33114
IRS990/OtherLiabilitiesGrp/BOYAmt0140481
IRS990/OtherLiabilitiesGrp/EOYAmt0156547
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0583
IRS990/PrincipalOfficerNm0LEILA A FINUCANE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE - HOUSI
IRS990/ProgramServiceRevenueGrp/Desc1OTHER HOUSING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02010146
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19373
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02010146
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19373
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt040000
IRS990/PYInvestmentIncomeAmt0996
IRS990/PYOtherExpensesAmt01976148
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01879854
IRS990/PYRevenuesLessExpensesAmt0-132798
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02016148
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01883350
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-113484
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02076173
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0394427
IRS990/SavingsAndTempCashInvstGrp/EOYAmt082084
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt056654
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt059154
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0818
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0996
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0604
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0881
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0921
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04220
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02019519
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01879854
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01907371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01660791
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01518492
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08986027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0818
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0996
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0604
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0881
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0921
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04220
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt09045181
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02076173
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01882354
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01907371
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01660791
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01518492
IRS990ScheduleA/Total509Grp/TotalAmt09045181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02076991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01883350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01907975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01661672
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01519413
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09049401
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01054764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01678320
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02733084
IRS990ScheduleD/EquipmentGrp/BookValueAmt023163
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0259017
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0282180
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02190475
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0549000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0549000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt029365
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0125841
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0155206
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0301837
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1155894
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt245477
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3513
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CERTIFICATE OF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03912
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0123504
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0127416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0155894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INCOME
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02076991
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RAPHAEL HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2021. DUE TO ITS TAX-EXEMPT STATUS, RAPHAEL IS NOT SUBJECT TO INCOME TAXES. RAPHAEL IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND RAPHAEL HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. RAPHAEL'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE TAX YEARS ENDING 2018, 2019, AND 2020 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01660204
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0503721
IRS990ScheduleD/TotalExpensesPerForm990Amt02190475
IRS990ScheduleD/TotalLiabilityAmt0156547
IRS990ScheduleD/TotalRevenuePerForm990Amt02076991
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02076991
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02190475
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VICTORY HOUSING INC
IRS990ScheduleI/RecipientTable/RecipientEIN0521261881
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt011400 ROCKVILLE PIKE SUITE 505
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCKVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020852
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE ISSUED TO A RELATED ORGANIZATION, THEREFORE USE OF FUNDS IS ABLE TO BE MONITORED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,262,541
Liabilities
$761,345
Net assets
$1,501,196
Revenue
$2,076,991
Expenses
$2,190,475
Net income
-$113,484
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.88$1.21$2.57$2.71$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.18$0.82$1.36$1.24$1.19$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.15$0.78$1.36$2.10$2.24$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.26$0.76$1.50$2.08$2.19$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.63$1.02$1.61$1.88$2.02$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.62$0.87$1.75$1.91$1.70$0.21
2018Detailed filing. Detailed filing data is available for this year.$2.40$0.86$1.54$1.66$1.64$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.40$0.88$1.51$1.52$1.45$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.41$0.96$1.44$1.47$1.50$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.55$1.07$1.48$1.52$1.42$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.56$1.18$1.38$1.47$1.50$0.02
2013Summary only. Only limited summary data is available for this year.$2.68$1.28$1.40$1.40$1.37$0.03
2012Summary only. Only limited summary data is available for this year.$2.74$1.37$1.37$1.35$1.24$0.11
2011Summary only. Only limited summary data is available for this year.$2.41$1.14$1.26$1.25$1.19$0.07